Day: September 29, 2020

CEO Jack Dorsey On Why the Future of Twitter Lies in Blockchain

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Twitter and Square’s CEO Jack Dorsey broached the numerous advantages of Bitcoin and how its underlying blockchain technology is crucial for thwarting off misinformation and security breaches in an increasingly digital world. Speaking to the president of the Human Rights Foundation, Dorsey reiterated that blockchain and Bitcoin (BTC) held the key to preventing data breaches that Twitter or online platforms may encounter. The Twitter CEO has long been an advocate of the decentralized ledger technology, having previously launched an initiative designed to protect crypto and blockchain companies from patent trolls.…

Blockchain Startup Making Yield Farming Easy for Everyone

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APY.Finance has developed a robo-advisor that executes complicated yield farming strategies so that users can still have exposure to these highly profitable schemes without the expertise, capital, and necessary attention.  So, you’re reading about the newest DeFi movement that has your Telegram blowing up: yield farming. Awesome, you think to yourself. High reward, high risk (what isn’t in crypto?), and using some of your favorite platforms like Uniswap. How different could it be than liquidity pools? You start to do some more research. Okay, maybe this whole yield farming thing…

Simplex Partners with Worldwide Asset eXchange to Make WAX Token Available to NFT Collectors

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Place/Date: TEL AVIV, ISRAEL – September 29th, 2020 at 5:55 pm UTC · 3 min read Contact: Simplex, Source: Leading payment processor Simplex has joined forces with Worldwide Asset eXchange (WAX), making the latter’s native WAXP token purchasable on leading global trading platforms. In addition to making WAXP available on exchange platforms, the strategic partnership means that Simplex will be integrated directly into WAX Cloud Wallet, making it easy for users to purchase WAXP Tokens using a credit or debit card so that they can purchase WAX NFTs with them.…

Yearn.Finance (YFI) Could Fall To $15K “If” Bitcoin Brings Down Crypto

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Yearn.Finance (YFI) is one of the most talked-about cryptocurrencies of 2020, both due to its scarce 30,000 token supply and its miraculous price increase to more than 1 BTC in value. However, the DeFi token could fall to $15,000 or deeper if Bitcoin brings down the rest of the crypto market. Yearn.Finance, Other DeFi Tokens At Risk Of Getting Dragged Down By BTC All cryptocurrencies are on thin ice at the moment, watching and waiting in the wind for whatever top crypto assets Bitcoin and Ethereum decide to do next.…

Bitcoin (BTC) Supply Held for Over 1 Yr Hits Highest Level Since 2010

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Quick take: Investors are increasingly holding Bitcoin as a store of value Bitcoin supply held for over 1 year hits its highest level since 2010 at 63.5% Bitcoin has now stayed above $10k for the longest time period at 64 days BTC is facing a monthly close in the next 24 hours The team at Coinmetrics has released their weekly State of the Network report in which they highlight that Bitcoin is increasingly being used as a store of value. This fact is demonstrated by the fact that 63.5% of…

Blockchain Bites: CZ’s Exclusive Interview, California’s Souped-Up Regulator, Alt Season’s End?

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California beefed up its financial regulator, Bitpanda closed a notable raise and some investors say “alt-season” is over.  Top shelf Brokerage raiseEuropean crypto brokerage Bitpanda has raised a $52 million Series A led by Peter Thiel’s Valar Ventures, to be put to use expanding the company’s payroll and adding a variety of products. Next year the Vienna-based firm intends to expand to “all kinds of asset classes” including stocks. In an interview, the firm’s co-founders told CoinDesk’s Leigh Cuen France, Spain and Turkey were among the fastest-growing crypto markets out of the…

Permission Raises $50M to Make Ads Personal and Data Private

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Permission.io is a platform that pays users in ASK tokens for engaging with, or even looking at, ads. Built on a fork of the Ethereum blockchain, the Permission platform incentivizes users to grant advertisers and other merchant participants access to their time and data in a peer-to-peer way.  Over the past 12 months, the startup has raised $5 million through a token pre-sale, and recently closed another round of funding that put the company at $47 million raised through equity financing. And since the platform came out of beta a…

Common Crypto CFD Trading Mistakes People Make

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CFDs are really attractive to investors and traders on the crypto market as they allow to increase the profit by 100-fold. However, one should be careful because CFDs imply some risks. Despite being one of the most revolutionary pieces of fintech in recent years, cryptocurrency hasn’t attained the mass adoption enthusiasts had hoped. However, this has not limited the potential of cryptocurrencies. In fact, CFDs, once exclusive to fiat currencies, stocks, indices, treasuries, and commodities, are now available in the crypto trading market. Cryptocurrency CFDs are incredibly attractive to investors…

Nokia Replaces Huawei in BT 5G Deal to Become Biggest Infrastructure Provider

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After the UK’s ban of Huawei equipment from its 5G network rollout, Nokia has replaced the Chinese firm on the BT 5G network project. Finnish multinational telecommunications company Nokia Corporation (NYSE: NOK) has entered an agreement with BT Group (LON: BT.A) to become the largest equipment provider on BT’s 5G project. The new deal happened after the UK government announced plans to ban Huawei equipment on the 5G project. Now, the agreement replaces Huawei with Nokia in infrastructure shares for BT’s 2G and 4G networks. In July, the UK government…